According to internet speculation iPhone 5 is coming to the US as soon as summer. This summer.

Following on from recent rumours that Apple employees are currently field testing button-less iPads, US tech site Engadget claims that the iPhone 5 handset will be “completely redesigned”.

“Our understanding is that the new device will be a total rethink from a design standpoint and will be running atop Apple's new A5 CPU (a Cortex A9-based, multi-core chip),” it says.

“This device, like the iPad 2, will feature a Qualcomm chipset that does triple duty as the CDMA / GSM / UMTS baseband processor -- from what we hear there's no LTE in the mix at this point.”

Also stoking the rumour mill, the same site reports that Apple is already working on the second generation of its redesigned Apple TV.

The new device is tipped to include a new A5 processor that’s “blazingly fast, cranking out 1080p video ‘like running water’.”

Take a pinch of salt with all of the above.